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Publication . Article . 2021

The Social, Economics, And Finance Analysis On Profit And Loss Sharing Of Islamic Partnership (Case Study of Tobacco Bussiness in Jember Regency, Indonesia)

Novi Puspitasari; Hari Sukarno; Hikmah Wardatatul Hasanah;
Open Access  
Published: 01 Oct 2021 Journal: IQTISHODUNA: Jurnal Ekonomi Islam, volume 10 (issn: 2252-5661, eissn: 2443-0056, Copyright policy )
Publisher: Institut Agama Islam Syarifuddin Lumajang
Abstract
The purpose of this study are: (1) to investigate the implementation of partnerships in the VOK tobacco business in an Islamic perspective, whether include mukhabarah, muzara’ah, or musaqah contract; (2) to explore the partnership implementation of VOK tobacco business on social, economic, and finance. This study use the snowball method with in depth interview. This research captured that there are two contracts of Islamic partnership on tobacco business, namely mukhabarah and muzara'ah. The social impact is the availability of jobs for people who do not own land/rice fields, thus helping the government to reduce unemployment and create close kinship in the community. The manifestation of the economic impact is that people who do not own land can still earn income for live. This study shows that there is a difference formula in calculating the profit sharing between the net farm income (NFI) and local culture formula. The local cultural formula does not use the real cost to count the net profit which is considered injustice. It is important to note that injustice is something that is against Islamic belief. Profit-sharing ratio between landowner and land tiller is 50%: 50% of net income.
Subjects by Vocabulary

Microsoft Academic Graph classification: Farm income Unemployment media_common.quotation_subject media_common Profit sharing Profit (accounting) Public economics Economic impact analysis Land tenure General partnership Net income Business

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